Where to Report 1099 Income on 1120S?

Sep 03, 2008 1 Replies

Should consultant 1099 income be reported on line 8 of the corporate 1120S tax form, grouping it with W-2 salaries and wages? Or should it be reported on line 19, grouped with other deductions with an attached statement of expense accounts?.



Assume that that amount of such 1099 payments is less than 1% of the company's expenditures.



nish


Doesn't matter what we assume, total of these payments do not belong amalgamated with wages. Report separately with other deductions.

ChEAr$, Harlan Lunsford, EA n LA

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